TAG: Indonesia
Following the release of the Indonesia Covid-19 Response Report produced in partnership with PT Mowilex Indonesia, OBG’s Regional Editor for Asia, Patrick Cooke, is joined in a vidcast discussion by the CEO of the Indonesian paint manufacturer, Niko Safavi, to analyse some of the key trends and opportunities highlighted in the publication.
Indonesia’s robust economic growth in the years leading up to the pandemic, combined with low public debt, provided the country with a stronger cushion than in previous global crises.
Alongside rising GDP and manageable public debt levels, Indonesia’s banks maintained robust performance in the six months leading to the pandemic. Monetary measures by the central bank to address headwinds in 2020 included lowering the reverse repo rate and purchasing government debt.